Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Releases Earnings Results, Misses Expectations By $0.03 EPS

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) issued its earnings results on Tuesday. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.03), Zacks reports. Akbank Turk Anonim Sirketi had a return on equity of 21.57% and a net margin of 8.19%.

Akbank Turk Anonim Sirketi Price Performance

AKBTY traded down $0.09 on Tuesday, reaching $2.55. 16,290 shares of the company’s stock were exchanged, compared to its average volume of 8,092. Akbank Turk Anonim Sirketi has a twelve month low of $2.55 and a twelve month high of $4.24. The stock has a market cap of $6.63 billion, a PE ratio of 4.25 and a beta of 0.59. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.07 and a quick ratio of 1.07. The stock’s fifty day moving average price is $2.84 and its 200-day moving average price is $3.18.

About Akbank Turk Anonim Sirketi

Akbank Türk Anonim ?irketi is a Turkey-based banking and financial services company headquartered in Istanbul. The bank provides a broad range of services to individual customers, small and medium-sized enterprises, commercial businesses, and large corporate and institutional clients.

Its offerings include deposit accounts, consumer and mortgage lending, credit and debit cards, payment services, investment products, private banking, wealth management, foreign exchange, trade finance, and corporate lending.